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The Fed is the major U.S. firefighter. It’s not the Treasury. It’s not the Congress. We certainly saw that vividly in 2008.

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Roger Altman

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If a lending institution is faced with bids for a package of toxic assets that are less than the carrying value of those assets, the sale of those assets would trigger a further loss and reduce the underlying capital of the institution.

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It was great fun. We had gone on tour in between the sessions and reconnected with the audience and got a lot of energy back from them, a lot of positive energy.

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May 26, 2024

It was great fun. We had gone on tour in between the sessions and reconnected with the audience and got a lot of energy back from them, a lot of positive energy.

Previous

May 26, 2024

If a lending institution is faced with bids for a package of toxic assets that are less than the carrying value of those assets, the sale of those assets would trigger a further loss and reduce the underlying capital of the institution.

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